NOT LISTED FOR SALE

1612 W 205th St Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $946,283 - $1,195,000

5 Beds
4 Baths
2,100 Sq Ft
$520/Sq Ft Est. Value

Last Sold February 23, 2018

Last sale price $675,000 $321 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $6,547/month

16 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Chain Link Fence

About This Home

As of February 2018

Excellent Investment opportunity for new or experience investor, 4-units in the beautiful city of Torrance. You can hold and collect rents or remodel/build and convert to a million dollar property for your portfolio. Features one 2/1 and three 1/1 with lots of parking space. Actual rents total $3,642 with room to increase. Option 1 rent and hold and bump up rents. Option 2 build and develop and turn into a $1.5 million dollar property (see neighbor).

Last Agent to Sell the Property

Salvador Serrano

Realty Group International of America License #01442564 Listed on: 12/01/2017

Last Buyer's Agent

Manuel Da Rosa

T.N.G. Real Estate Consultants License #01317161

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,969

Year Built

  • Built in 1948

Lot Details

  • 7,001 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence

Home Design

  • 2,100 Sq Ft Home
  • Property Attached
  • Cosmetic Repairs Needed
  • Shingle Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7351007010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,050
  • Trash Expense $105
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Operating Expense $1
  • Gross Income $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,969

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Zoning: LARD1.5
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7351007010
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 321.43

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 105.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 7001.00

Multi Family

  • Gross Income: 1.00
  • Gross Scheduled Income: 43704.00
  • Insurance Expense: 1050.00
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 1.00
  • Rent Control: Yes
  • Total Actual Rent: 3642.00
  • Total Expenses: 1.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Census Tract: 2920.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2025
Sold by
Ivandic Bruno and Ivandic Ana
Bought by
Family Ivandic Llc
Current Estimated Value
$1,092,071

Purchase Details

Closed on
Mar 24, 2019
Sold by
Ivandic Bruno
Bought by
Ivandic Bruno and Ivandic Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2017
Closed on
Jan 16, 2018
Sold by
Ivandic Ana
Bought by
Ivandic Bruno
Seller's Agent
Salvador Serrano
Realty Group International of America
Buyer's Agent
Manuel Da Rosa
T.N.G. Real Estate Consultants
List Price
$734,000
Sold Price
$675,000
Premium/Discount to List
-$59,000
-8.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.46%
Original Mortgage
$458,500
Interest Rate
8.49%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 21, 2017
Sold by
Chang Richard Chiayuan
Bought by
Ivandic Bruno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,500
Interest Rate
8.49%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 8, 2013
Closed on
Jun 17, 2013
Sold by
Mendez Juan and Navarro Irma
Bought by
Chang Richard Chiayuan
Seller's Agent
Maggie De Alba
Keller Williams Palos Verdes
Buyer's Agent
Salvador Serrano
Realty Group International of America
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$330,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Mendez Juan and Navarro Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,875
Interest Rate
5.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2008
Sold by
Torre Julian
Bought by
Hsbc Bank Usa Na and Naac 2006-Ar3

Purchase Details

Closed on
Apr 11, 2007
Sold by
Torre Julian
Bought by
Beltran Catherine

Purchase Details

Closed on
May 19, 2006
Sold by
Delacruz Edsel L and Delacruz Eduardo L
Bought by
Torre Julian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 2, 2003
Sold by
Fordham James and Fordham Mary L
Bought by
Delacruz Edsel L and Delacruz Eduardo L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,347
Interest Rate
5.13%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 1997
Sold by
Nayebdadash Smail and Nayebdadash Nadereh H
Bought by
Fordham James and Fordham Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
4.25%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Family Ivandic Llc -- None Listed On Document
Ivandic Bruno -- Wfg National Title Co Of Ca
Ivandic Bruno -- Ticor Title Company
Ivandic Bruno $675,000 Ticor Title Company
Chang Richard Chiayuan $440,000 Fidelity National Title Co
Mendez Juan $342,500 North American Title Company
Hsbc Bank Usa Na $577,424 North American Title Company
Beltran Catherine -- Accommodation
Torre Julian $655,000 United Title Company-La
Delacruz Edsel L $285,000 Ticor Title Company
Fordham James $130,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ivandic Bruno $463,500
Previous Owner Ivandic Bruno $458,500
Previous Owner Chang Richard Chiayuan $330,000
Previous Owner Mendez Juan $256,875
Previous Owner Torre Julian $524,000
Previous Owner Delacruz Edsel L $260,347
Previous Owner Fordham James $91,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2018 02/23/18 Sold $675,000 -8.0% $321 / Sq Ft
12/17/2017 12/17/17 Pending -- -- --
12/01/2017 12/01/17 For Sale $734,000 +66.8% $350 / Sq Ft
08/07/2013 08/07/13 Sold $440,000 -2.2% $210 / Sq Ft View Prior Sale
06/14/2013 06/14/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $450,000 -- $214 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,969 $768,029 $512,020 $256,009
2024 $9,969 $752,971 $501,981 $250,990
2023 $9,780 $738,208 $492,139 $246,069
2022 $9,345 $723,735 $482,490 $241,245
2021 $9,223 $709,545 $473,030 $236,515
2020 $9,309 $702,590 $468,180 $234,410
2019 $8,956 $688,820 $459,000 $229,820
2018 $6,411 $474,359 $258,567 $215,792
2016 $6,117 $455,634 $248,528 $207,106
2015 $6,025 $448,791 $244,795 $203,996
2014 $6,056 $440,000 $240,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Salvador Serrano

    Realty Group International of America

    Section Image

  • M

    Buyer's Agent in 2018

    Manuel Da Rosa

    T.N.G. Real Estate Consultants

  • Maggie De Alba

    Seller's Agent in 2013

    Maggie De Alba

    Keller Williams Palos Verdes

    (310) 866-1959

    40 Total Sales

    Maggie De Alba
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17270990

California Regional Multiple Listing Service (CRMLS)

APN: 7351-007-010

California Los Angeles County Torrance 90501 Harbor Gateway

1612 W 205th St, Torrance, CA

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